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Fly News Breaks for February 15, 2017
SHOP
Feb 15, 2017 | 15:33 EDT
Roth Capital analyst Darren Aftahi raised his price target on Shopify to $69 from $60.50 after the company posted better than expected Q4 results and a gave better than consensus FY17 sales guidance. Aftahi, who keeps a Buy rating on the stock, noted that Shopify's revenue per merchant grew at the fastest rate in any quarter of 2016 in Q4.
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